Nama Chemicals Co. widened its net loss after Zakat and tax to SAR 7.3 million for the first quarter of 2020, compared to SAR 2.2 million in the same period last year.
The losses were attributed to lower average selling prices despite decline in raw material cost and lower selling and marketing expenses.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 148.26 | 120.02 | (19.0 %) |
| Gross Income | 26.62 | 9.57 | (64.0 %) |
| Operating Income | 3.90 | (6.57) | (268.6 %) |
| Net Income | (2.22) | (7.33) | (230.2 %) |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | (0.09) | (0.31) | (230.2 %) |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 124.00 | 120.02 | (3.2 %) |
| Gross Income | 16.21 | 9.57 | (40.9 %) |
| Operating Income | 16.21 | (6.57) | (140.5 %) |
| Net Income | 19.73 | (7.33) | (137.1 %) |
| Average Shares | 23.52 | 23.52 | - |
| EPS (Riyals) | 0.84 | (0.31) | (137.1 %) |
The company reported a net loss in Q1 compared to a net profit after Zakat and tax of SAR 10.8 million for Q4 2019.
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